Power Breakfast: Market Eyes On Fed Chairmans Commentary Today, Apple Slips 2% On Sluggish Demand Of iPhones

On Monday, the US market slipped again amid volatility. Dow recovered 200 points from the lower level and closed down 35 points. There was sell-off in NASDAQ again and it fell 1%. Apple slipped 2% on worries about sluggish iPhone demand. The 10-year bond yield jumped beyond 3.6%. Today market will eye on the Fed Chairman's commentary. Joe Biden's second State of the Union speech will also be watched.